Keller Group

The pension fund is a captive corporate vehicle sponsored by Keller Group Plc, the FTSE 250-listed geotechnical engineering firm. It is not a commercial asset manager or multi-employer scheme. The sponsoring employer's balance sheet — including a global fleet of specialist rigs and property, plant, and equipment — forms the ultimate backing for the fund's obligations, creating a credit profile tied directly to Keller's operating performance and physical asset base.

The fund holds direct commercial property, including Keller's London headquarters at 2 Kingdom Street, and has executed selective UK commercial property disposals, indicating an active portfolio management posture. It also carries exposure to a geotechnical rig fleet and globally distributed property, plant, and equipment tied to the parent company's operations. Public disclosures do not indicate significant allocations to third-party fund commitments or externally managed investment vehicles, suggesting a predominantly direct, internally managed asset strategy.

Governance falls under the Board of Directors of Keller Group Plc, chaired by Carl-Peter Forster. James Wroath, appointed CEO in August 2025, and CFO David Burke are the senior executives overseeing corporate treasury and pension affairs. The Group Company Secretary and Chief Sustainability Officer, Kerry Porritt, and Group Head of Secretariat Silvana Glibota-Vigo handle governance and secretariat functions. The fund does not publicly disclose a separate pension investment committee, and its investment decisions appear integrated into the broader corporate treasury function rather than delegated to an independent fiduciary.

Yes. Keller Group sponsors the KELLER Foundation (Fundacja KELLER), a Polish-registered foundation, and maintains a partnership with UNICEF UK. These structures operate at the corporate level and there is no public disclosure indicating that the pension fund itself runs an impact-investing mandate or screens its portfolio against ESG criteria through these vehicles. The Chief Sustainability Officer role held by Kerry Porritt suggests sustainability governance at the corporate parent level.

No. The fund is a closed corporate pension vehicle serving Keller Group's employee beneficiaries. It does not raise third-party capital, participate in club deals with external investors, or operate a multi-family office or external LP structure. Allocators seeking co-investment opportunities would need to engage with the sponsoring company at the corporate level, not through the pension fund.

Keller Group generates approximately £3 billion in annual revenue from thousands of active project sites globally, supporting a FTSE 250 equity valuation. This operating cash flow and the company's physical asset base — including a specialized rig fleet and headquarters property — provide a buffer that shapes the pension fund's credit profile. The fund's direct property holdings and parent-company equipment exposure create a concentrated, operationally correlated risk profile unlike a diversified institutional portfolio with external manager relationships.

The fund is domiciled in the United Kingdom and operates under the regulatory framework of The Pensions Regulator, consistent with all UK corporate defined-benefit and defined-contribution schemes. Keller Group Plc is listed on the London Stock Exchange and subject to FTSE 250 governance and disclosure requirements, though the pension fund's detailed asset-level disclosures are limited to what the sponsoring employer reports in its annual accounts.